Accounting is frequently described as the language of business, and the credibility of that language depends entirely on the ethical conduct of those who prepare, audit, and certify financial information. This paper examines the concept of ethics in accounting with particular emphasis on the institutional and regulatory framework governing the profession in India. It traces the evolution of the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI), the statutory obligations placed on auditors under the Companies Act, 2013, and the emergence of the National Financial Reporting Authority (NFRA) as an independent oversight body following a series of corporate governance failures. The paper then situates this domestic framework within the global architecture of accounting ethics built around the International Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants (IESBA). A comparative discussion highlights the convergence between Indian and international standards as well as the practical challenges of enforcement, particularly for small and medium practitioners. The paper concludes that while India’s ethical infrastructure has matured considerably over the past two decades, the durability of ethical conduct in the profession depends as much on institutional culture, education, and enforcement capacity as on the formal text of codes and statutes.